Agriculture is of particular importance in a majority of
countries of the world despite their various agendas to achieve the targets of
food security and poverty reduction. Indian agriculture’s share of GDP declined
to approximately 15% in 2023 compared to 35% in 1990-91. As this has occurred
due to the rapid expansion of the secondary and tertiary sectors, it shows that
the Indian economy is strongly on the path of development, where the share of
agriculture is expected to decline. The current statistics also revealed that
employment in the agricultural sector has declined over the years. This can
raise questions about the potential of this sector to meet the objectives of
providing food security and earning foreign exchange. As agriculture has a
historical past with respect to its performance which is expected to have an
effect on the present, the objective of this chapter is to analyze the growth
performance of the agricultural sector in India in the post-reform period with
particular reference to the pre-pandemic phase. Our study has shown that though
the growth of this sector has fluctuated over the years and the subsectors have
exhibited heterogeneous growth rates over the past two decades, it has steadily
recovered in a majority of the cases, thus not compromising with the food
availability of the country. Agricultural production has increased in absolute
figures over the years, which speaks strongly about an increase in
productivity.
Author(s) Details
Pia Ghoshal
Post Graduate Department of Economics, St. Xavier’s College (Autonomous),
Kolkata, 30 Mother Teresa Sarani, Kolkata 700016, West Bengal, India.
Please see the book here:- https://doi.org/10.9734/bpi/bmerp/v2/1283
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